INVESTIČNÍ ROZHODOVÁNÍ V NEJISTOTĚ
INVESTMENT DECISIONS UNDER UNCERTAINTY

Author(s): Eva Kramná
Subject(s): Business Economy / Management
Published by: Masarykova univerzita nakladatelství
Keywords: investments; uncertainty; managerial flexibility; real options; corporate strategy;
Summary/Abstract: Investment decisions belong to the most important activities in the company because it has an impact on its future development and effectiveness. The company that wants to develop itself and be competitive can exist without investments. In the connection with the increasing turbulence and uncertainty of future market development, it is important that managers have acertain flexibility in decision making. Flexibility in strategic investment decision-making allows companies to manage their investments and adapt their development to current market conditions to create value in the future and be advantageous for the company.

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